Robert Kiyosaki Rich Dad Poor Dad book on cashflow is a very good book on controlling and growing your wealth. I am not certain if there is a PDF version of the book, but do get it from the nearest bookshop. Read the book with an open mind, never take all of his word as gospel. Money is important, but it is not the center of the universe, there are things that money can’t buy, such as respect.
Kiyosaki often refers to The CASHFLOW Quadrant, a conceptual tool which he developed to categorize the four major ways income is earned. Depicted in a diagram, this concept entails four groupings, split with two crossed lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows.
E: Employee – Working for someone else.
S: Self-employed or Small business owner – Where a person owns his own job and is his own boss.
B: Business owner – A person who owns a business to make money; typically where the owner’s physical presence is not required.
I: Investor – Investing money in order to receive a larger income in the future or analyzes other businesses as potential investments.
Robert Kiyosaki Bankrupt?
On August 20, 2012, one of Kiyosaki’s companies, Rich Global LLC, filed for bankruptcy in Wyoming Bankruptcy Court. The move followed a ruling by a U.S. District Court jury that former business partners of Kiyosaki were entitled to $23,687,957.21 of the profits from events they helped to set up for Kiyosaki including a 2002 appearance at New York’s Madison Square Garden. A spokesman for Kiyosaki asserted that the amount of the award exceeded the value of Rich Global LLC and that Kiyosaki would not use money from outside the company to meet the judgement